Tudor Gold expands drilling at Goldstorm
2021-06-07 17:13 ET - News Release
Mr. Walter Storm reports
TUDOR GOLD EXPANDS DIAMOND DRILLING ON THE GOLDSTORM DEPOSIT WITH FOUR DRILL RIGS AT TREATY CREEK, NORTHWESTERN B.C.
Two additional drill rigs have arrived at Treaty Creek, located in the heart of the Golden Triangle of northwestern British Columbia. Diamond drilling continues with four rigs on Tudor Gold Corp.'s Goldstorm deposit, which is on trend from Seabridge Gold's KSM project, located five kilometres to the southwest. Excellent progress has been made during the first two weeks of drilling on the fully financed 30,000-metre, phase l exploration program. This deposit delineation and property exploration program will utilize up to six drills.
Tudor Gold's vice-president of exploration and project development, Ken Konkin, PGeo, states: "Despite higher than normal snow pack levels, crews have rapidly advanced the excavation of snow to expose drill sites allowing four diamond drill rigs to begin operations. We plan to prepare pad sites at other targets such as Perfect Storm (PSZ) and Eureka this month and will bring in two additional diamond drill rigs.
"We are excited about drilling these promising new targets, however, the priority of our exploration program is to define the limits of the Goldstorm deposit, as it currently remains open to expansion in all directions and at depth. In addition to potentially adding new gold equivalent (AuEq) ounces to the resource we will attempt to convert as much of the 7.9 million AuEq ounces of inferred resources to the measured and indicated resource categories that currently total 19.41 million AuEq ounces. Concurrent with the drilling program, environmental baseline studies continue, including our water-sampling programs and installation of a weather monitoring station near our lower exploration camp.
"Tudor Gold Corp. and our associated service companies have taken extreme measures to maintain the highest professional standards while working within COVID-19 health and safety protocols. Only essential personnel are permitted to enter the camp and staging areas. Of those workers who are at the project site and staging site, we have strict daily monitoring of the workers temperatures and general health conditions. We have a certified paramedic at the staging area to examine all incoming and outgoing Tudor personnel and all service providers."
Walter Storm, president and chief executive officer, stated: "I am very pleased with the safe start-up of the 2021 exploration program at our flagship Treaty Creek project thanks to the hard work and perseverance of our crew members. We look forward to increasing the pace and performance of this year's program by expanding the number of drilling rigs at the Treaty Creek property. This start will help us complete the required drilling necessary to potentially expand and update the current resource estimate. The goal is to complete an updated resource estimate for the Goldstorm deposit in 2022. We feel confident this will allow us to advance the project with a preliminary economic assessment study planned for 2022."
Qualified person
The qualified person for this news release for the purposes of National Instrument 43-101 is the company's vice-president of exploration and project development, Ken Konkin, PGeo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.
About Tudor Gold Corp.
Tudor Gold is a precious metal and base metal exploration and development company with properties in British Columbia's Golden Triangle (Canada), an area that hosts producing and past-producing mines and several large deposits that are approaching potential development. The 17,913-hectare Treaty Creek project (in which Tudor Gold has a 60-per-cent interest) borders Seabridge Gold Inc.'s KSM property to the southwest and borders Pretium Resources Inc.'s Brucejack property to the southeast. In April, 2021, Tudor published its National Instrument 43-101 technical report, "Technical Report and Initial Mineral Resource Estimate of the Treaty Creek Gold Property, Skeena Mining Division, British Columbia, Canada," dated March 1, 2021, under the company's SEDAR profile. The company also has a 100-per-cent interest in the Crown project and a 100-per-cent interest in the Eskay North project, all located in the Golden Triangle area.
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